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adds that rating services such as standard & poor's are already noting california's new income and viewing its financial outlook favorably. >> now the passage of both proposition 30 and san francisco's proposition a provides sorely needed funds to san francisco city college as well. prop 30 narrowly passed and measure a received more than 60% of the vote. but the school is in such dire straits that long-term problems will still taunt administrators for a while. nbc's barry santiago is at city college with more. this is a long time in the making, arturo. >> it is, jessica, but the good news is city college will not have to cut its entire summer session, spring classes or even declare bankruptcy. but even the people who run the school will tell you they are far from being out of the woods financially. san francisco city college was facing imminent financial disaster. it faced bankruptcy and loss of its accreditation. but the passage of proposition a and proposition 30, along with changes in the way the college operates, is keeping the school on life support. it still has major pr
in california is the emergence of a one party system with the resistance from on the side voters who are members of neither party and a governor who says i'm going to have to put the foot down if they start spending again like in the past. >> republicans have some rebuilding to do. phil matier in sacramento, thank you. >>> well, it's a changing of the guard in the east bay. an up-and-coming democrat is replacing the longest serving congressman from california. cbs 5 reporter ann notarangelo on how the up start pulled off the upset. ann. >> reporter: eric swalwell had an opportunity to unseat this long term incumbent when california changed its primary process and after knocking on 100,000 doors his campaign is claiming victory. it's a symbolic cleaning of the house, cleaning up after election night and starting fresh after a 40-year congressional reign by pete stark. >> there was a real craving for change and a craving for responsiveness for someone though would show up, be accessible, listen and have an open mind. >> reporter: but change isn't coming by way of party because eric swalwell is als
bernanke keeps his job. in california. not many people found a corporate tax to bring in one billion for business taken and entrepreneurs outside of the state who want to do business in the state. explain this? >> california is in a fiscal mess and they will raise taxes. and i am a company based in new york and i do business in california. california is now going to tax me california profit's tax even though i am a new york based business. they are spreading the tax net to companies based out of state. >> brian: governor brown went to college campus to get support for this. he got it. >> california is in a financial mess and they raised taxes and passed proposition 30 that reallies taxes again. >>rian: now you will not do business there. >> california reelected president obama by a 20 point margin because they want a bailout. they think the second obama term will bail them out of their financial problemms. they are raising taxes leftt, right and and pushing businesses out of the state and they want a bailout and i think at point they will probably get >> brian: in terms of me doing t
, a democratic candidate to beat jonathan paton. in california, the democrat there beats tony strickland. michigan's first. the republican, benishek, co mes out the victor. there are a few other outstanding ones. go to our web site as we told you yesterday, the state of florida had yet to be called. here is the "miami herald." we still do not know where the 29 electoral votes will go, but it has not made a difference in the overall outcome of the presidential election. back to the topic of what was your message to washington. a lot of newspaper articles this morning about the fiscal cliff. that is what faces these leaders as they make their way back to washington. here is the fiscal -- "the financial times." topping that list is paul ryan, the vice-president candidate returning to congress and has asked to continue on as chairman of the house budget committee. those are the people doing the negotiations. moving on to "the washington post." they know earlier wednesday barack obama call john boehner and others to urge them to put aside partisan interests to advance the interest
in magnolia park area of california, boost sales to stay open late. support local retailers november 24th for the third annual small business saturday. so anyway, i've been to a lot of places. you know, i've helped alot of people save a lot of money. but today...( sfx: loud noise of metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) awhat strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. >>> your twin brother is now a member of congress. what -- it's not a popular body. what advice to do you have for him now that he's headed to washington, d.c.? >> the first thing i told him was that he could have it. >> san antonio mayor and dnc keynote speaker, happy it's his twin brother taking a trip to capitol hill walking into a divided house of representatives. congressman-elect what keen castro joins me now. you didn't take your brother's advice. you're not avoiding washington. >> no. >> and as a new freshman congressman, coming to a place that has
, we don't know what is going to happen. nancy pelosi is in california. her home in napa valley was broken into on monday. so, she actually has some little housekeeping to take care of. apparently people broken. they don't know what is missing. sort of this bizarre thing. in the event he does retire or resign from congress, steny hoyer would be the front runner to take over as minority leader. the subtext -- almost a shakespearean subtext -- between steny hoyer and nancy pelosi, they have in turn together on capitol hill in the 1960's and they have been rivals for years. the last 10 or 12 years, competing for leadership positions in the democratic caucus. hoyer would very much like to be minority leader and he would make a bid. the question now is whether pelosi is trying to live up somebody who she -- who would be her successor of choice. there is a lot of trauma and we just don't know where the dominoes will fall until we know her intentions. it >> just to wrap up -- who is in the next generation of would- be party leaders who would like to have pelosi's endorsement or if not
, california, mary bono mack, she isn't giving up. she trails democrat areraul rui. >> so we're minding your business. u.s. stock futures are flat this morning. >> the markets had a rough day yesterday. chris teens romans here to explain this big selloff. is there an explanation? >> can you see the sectors reacting to a second obama administration. let me show you what it looked like, 313 points, the first dow close below 13,000 in three months. that was the worst day of the year. more than 2% down. when i talk about the internals of the market, i'm talking about banks, insurers, cole companies, energy companies, they fell because, in fact, they think they're going to have higher costs. the markets think they're going to have higher costs in a second obama administration. you saw some obama care related stocks like hospitals up on the assumption that obama care is now secure. the internals showed us how investors in different sectors were reacting to a second obama presidency. but there were also concerns over europe and the fiscal cliff and the fact that now you have this election out of th
illinois and california and are largely redistricting gains. but republican still control the house. what would you say was the democrats' message this election cycle, in terms of the issues are policy? they talked about republican extremism but, what is the strong message that the congressional level? it was two-pronged. one, medicare, and two, the ryan budget. medicare is one of the examples , and the right and budget shows different priorities, and republican parties are wrong. that message did not really .orke it was not a decisive win, certainly at the house level, for that message. my editor mentioned this to me as i was going out the door last night. we had three major house special elections over the last couple of years. one in pennsylvania, mark critz won that one, one in new york when chris lee, he of sending photographs, left office in upstate new york, was replaced by democrat, and the third when the arizona seat opened up after congresswoman giffords stepped down after that horrible shooting, she was replaced by congressman barber. the democrats won all three of those specia
house seats, half their games have to do with, come from illinois and california in a largely redistricting game or so you democrats made small gains in house by the republicans still control the house. what would you say was the democrats message this election cycle, in terms of issues or policy? they talk about republican extremism, but wasn't there messaging two-pronged message of the congressional message? it also reflected in the presidential, but wasn't there messaging two-pronged? one, medicare, and two, the ryan budget or that was basically the democrats message. the republicans are for millionaires. look out the ryan budget. they want tax cuts for millionaires and they want to cut programs for the middle-class. and medicare is one of the examples, and the ryan budget showed different priorities and the republican priorities are wrong. that message did not really work. it was not a decisive win, sorting out the house level, for that message. and think of this to my editor, i've got to credit my editor at roll call who mentioned this to me as us going out the door last
and bigger government. california's lesson, all they do is raise taxes on the rich and don't solve their problems. we don't want america to become like california. >> will liberal democrats in the house, donna, go along with the president if he significantly makes changes, cuts spending for example for medicare and medicaid? >> 60% of the american people, wolf, believes that we should raise taxes on the wealthiest americans. we've had this debate now for many, many months, many, many years on what conservatives want and what so-called tea party republicans want. liberals are going to push their agenda. they are going to fight hard for their agenda. we're not going to set aside our goals, our policies simply because the republicans lost. they lost. and it's important that -- >> donna, they still retain the majority in the house of representatives. and there aren't enough democrats in the senate to beat back a filibuster. >> wolf, we're going to fight for our causes. we may lose. we won more than 57% of the senate seats out there. i mean, we got a lot of popular votes out there. we'r
Search Results 0 to 13 of about 14 (some duplicates have been removed)